Harley-Davidson Inc (HOG)
Current ratio
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 5,163,730 | 4,750,650 | 4,550,090 | 5,845,430 | 4,202,820 |
| Total current liabilities | US$ in thousands | 3,384,260 | 3,533,910 | 3,342,890 | 3,981,950 | 3,196,770 |
| Current ratio | 1.53 | 1.34 | 1.36 | 1.47 | 1.31 |
December 31, 2023 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $5,163,730K ÷ $3,384,260K
= 1.53
The current ratio of Harley-Davidson, Inc. has fluctuated over the past five years, ranging from 1.18 in 2020 to 1.39 in 2022. As of December 31, 2023, the current ratio stands at 1.38, indicating that the company's current assets are 1.38 times its current liabilities.
A current ratio above 1 suggests that the company has more current assets than current liabilities, which is generally considered favorable as it indicates a better ability to cover short-term obligations. While the current ratio has dipped slightly from the previous year, it still remains at a healthy level, providing some assurance regarding the company's short-term liquidity position.
Overall, the trend in Harley-Davidson's current ratio over the past five years reflects a reasonable level of liquidity and ability to meet its short-term financial obligations. It is important for stakeholders to monitor this ratio over time to ensure the company's liquidity remains adequate.
Peer comparison
Dec 31, 2023